INTRODUCTION
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EECA
SEAP
EAST EUROPE AND
CENTRAL ASIA
1983
1943
SOUTH EAST ASIA
AND PACIFIC
• Despite market challenges, Jotun EECA achieved
a significant growth rate and increased sales by
15 per cent
• Jotun EECA increased the size of its powder coatings
container boxes to lower costs, reduce waste and its
carbon footprint
• Jotun Russia achieved high sales growth, driven by a
30 per cent sales increase in Protective segment and
winning important contracts to supply a number of oil
and gas projects
• Jotun kept its leading position in the project market
and secured the Ataturk Cultural Center and
Galataport projects in Turkey
• Jotun Romania secured a contract with Damen
Shipyard to provide marine coatings for the world’s
largest diamond mining ship
4
• Successful launch of Majestic True Beauty across the
SEAP Region, with events in Malaysia and Indonesia
that attracted over 1 000 customers
• Jotun secured a contract to supply coatings for a
Floating, Production, Storage, and Offloading (FPSO)
vessel, which will be deployed at the Johan Castberg
field in the North Sea
• Jotun supplied paints and powder coatings to several
prestigious projects in SEAP, including the Thamrin
Nine-Tower 1, the tallest tower building in Indonesia
• Jotun secured first phase of the Vincity project, the
largest housing project in Vietnam. When completed,
the multi-tower development will have 250 000
apartments
• Jotun Cambodia was the preferred supplier to the
historic, award winning Raffles Le Royale, one of the
most prestigious hotels in the region
1991
853
MEIA MIDDLE EAST,
INDIA AND AFRICA
4
• First phase of construction completed on new factory
in the city of 10th Ramadan, Egypt
• Jotun secured water pipeline projects in Saudi Arabia
and North Africa, valued at USD 12 million
• Jotun celebrated the regional launch (decorative paints)
of Wonderwall Life and Fenomastic Zero
• Jotun won approval to set up local production outside
Addis Ababa, Ethiopia
• Jotun secured a four-year maintenance contract for
Abu Dhabi National Oil Company (ADNOC) in Abu
Dhabi
NEA NORTH EAST ASIA
• All four segments have had a solid performance in
2019 with good growth and high profitability
• In Marine Coatings, Jotun maintained its leading
market position, with 29 per cent sales growth mainly
due to increased newbuilding activity at South Korean
shipyards and improved profitability in China
• Jotun achieved record high sales in Protective Coatings,
with a double-digit growth rate and excellent
profitability in both China and South Korea
• In China, Decorative Paints achieved the key milestone
of breakeven on the bottom line, through a focused
strategy in the premium retail market
• Improved results in Powder Coatings based on
customer portfolio changes with good momentum
towards the end of the year
1962
1968
2813
2254
14
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